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BP to buy gas from Coral South
BP and the Area 4 concession partners Eni East Africa (EEA), Galp Energia, Kogas and Empresa Nactional de Hidrocarbonetos (ENH) have entered into a 20-year sales and purchase agreement for BP to purchase 100% of the LNG produced by the EEA-operated 3.3mn t/y Coral South floating LNG facility expected to be installed offshore Mozambique. The agreement, which has been approved by the government of Mozambique, is conditional on the final investment decision (FID) being taken for the project, which is currently expected by the end of 2016.
News Item details
Journal title: Petroleum Review
Subjects: Banking, finance and investment, Policy and Governance, Economics, business and commerce, Energy consumption, Liquefied natural gas, FLNG
